Clifford Chance has advised Ardian on the sale jointly with Caisse des Dépôts et Consignations of 26.24% of LISEA’s share capital to Vinci Concessions and Meridiam.
LISEA, which holds the concession for the South Europe Atlantic high-speed railway line between Tours and Bordeaux, has thus seen its shareholding structure evolve with the strengthening of the stakes held by Vinci Concessions and Meridiam, two major players in the infrastructure sector.
In spring 2024, Ardian and Caisse des Dépôts et Consignations announced their joint intention to sell part of their shares. Vinci Concessions and Meridiam, both existing shareholders, expressed their interest in acquiring the offered shares.
Vinci Concessions’ and Meridiam’s increased stake in LISEA reflects their renewed confidence in LISEA’s operational, financial and commercial development prospects.
LISEA, the first private company to hold a concession for a high-speed railway line in France, continues to actively support the opening up of the high-speed market in France, in particular through initiatives such as the Train Maintenance and Repairs Site at Marcheprime, in Gironde, which have been approved by the historical shareholders.
The Clifford Chance team advising on the transaction comprised Benjamin de Blegiers (Partner), Gilles Lebreton (Partner), Benjamin Saada (Senior Associate), and Elsa Lalanne (Associate).
